It was a slow November for Fairfax, California real estate. The MSI (Months Supply of Inventory) jumped up to 9 months, compared to 3.3 last month. This was the highest MSI in Fairfax since it spiked in November 2006 at 23 months. Hopefully just another anomaly!
(click on chart to expand)
The number of homes for sale in Fairfax, CA was down almost 27% from the previous November. Only 3 Fairfax homes sold as compared to 7 in November 2006.
What is on the horizon? I am still optimistic for a good first quarter of 2008 but December 2007 is likely to be quiet.